Families across the United States may receive a cash refund of up to $1,600 per child in 2024, thanks to a government benefit called the Additional Child Tax Credit (ACTC). This money is meant to support low- and middle-income parents struggling with the high cost of living.
The Internal Revenue Service (IRS) has already started sending out these payments to eligible families who filed their 2024 tax returns electronically and chose direct deposit. However, if you haven’t filed your taxes yet, you still have time to claim this helpful refund.
Here’s everything you need to know about who qualifies, how to apply, and when you can expect to receive your refund.
What Is the Additional Child Tax Credit (ACTC)?
The ACTC is a part of the broader Child Tax Credit (CTC) program. While the full CTC can be used to reduce your taxes, the ACTC is refundable, which means the IRS can send you money even if you don’t owe any taxes.
This credit is specially designed for families with children under 17 years of age. If your household qualifies, you could get up to $1,600 per child as part of your tax refund.
Who Is Eligible for the $1,600 ACTC Refund?
To receive this benefit, you must meet the following IRS rules:
- The child must be under 17 years old by December 31, 2024
- The child can be your biological child, adopted child, stepchild, grandchild, or another qualified dependent
- The child must have lived with you for at least half of 2024
- The child must have a valid Social Security Number (SSN)
- Your household income must fall within IRS limits to qualify for the full amount
Even if you’re not required to file taxes, you must file a tax return to claim the ACTC. The IRS does not send this refund automatically without a formal request.
How to Claim the ACTC: Step-by-Step Guide
To get the ACTC refund, follow these simple steps:
Step 1: Fill Form 1040 or 1040-SR
These are standard IRS tax return forms. Use the Child Tax Credit Worksheet provided in the instructions to check your eligibility.
Step 2: Complete Schedule 8812
This form is used to claim the refundable part of the Child Tax Credit—called the ACTC.
Step 3: File Your Return
Submit your tax return electronically for faster processing. If you choose direct deposit, you’ll get the money directly in your bank account.
Once submitted, the IRS usually processes refunds within 21 days, unless your return has any mistakes or needs extra checks.
Track Your Refund Online
To know when your money will arrive, use the IRS’s “Where’s My Refund?” tool. This online service is available 24/7 and lets you check the status of your refund using your tax details.
Why the ACTC Matters in 2024
With prices going up and many families facing financial pressure, this $1,600 refund per child can bring real relief. It can help with school expenses, groceries, bills, or any urgent needs. Many eligible families still don’t know they qualify, especially those who don’t usually file tax returns.
So if you have children under 17, make sure to check your eligibility and file your return before the IRS deadline to avoid missing out on this support.
The Additional Child Tax Credit is a valuable benefit that could put extra cash in your hands when you need it the most. If you’re raising kids under 17 and meet the income and residency requirements, you may be able to claim up to $1,600 per child as a refund in 2024.
But remember, the IRS won’t send this money automatically—you must file a tax return and complete the required forms. With tax season still ongoing, there’s still time to claim your refund and get the financial help your family deserves.
